Background of Kerchanshe Equipment

Kerchanshe Trading PLc is a fully independent Ethiopian coffee farming and exporting enterprise. It has decided to broaden its company and has recently signed a Trademark agreement with Caterpillar to officially represent and distribute the Caterpillar Brand in Ethiopia. It is the only Company in Ethiopia having such official distribution rights for Caterpillar Equipment.

The commercial name for this division, which is fully owned by Kechanshe Trading PLC, is Kerchanshe Equipment. Kerchanshe Equipment is in charge of distributing and supporting construction machinery, parts, power systems, and material-handling equipment across the country.

Job Description

• Receive cash/cheques from customer/salesmen/credit controller.

• Process receipts into the customer account and cash/ cheque holding accounts,

• Confirm and receipt appropriately all mobile money transferred to the company business account

• Initiate regular transfers from the mobile money platform to the bank

• Daily reconciliation of the cash and cheque holding ledger accounts, and Mobile banking account

• Prepare daily banking documents of both cash and cheque receipts and send to bank,

• Post daily banking out of cash and cheque holding account into Bank accounts,

• Prepare daily report on receipt of cash and cheque receipts and banking schedule.

• Ensure petty cash is maintained at the authorized maximum limit every day and each reimbursement is promptly requisitioned and authorized,

• Make payments of petty cash claims after ensuring that they are properly authorized,

• Process petty cash claims through the Ledger including all details required for expense analysis,

• Prepare daily report on petty cash balance and reconcile to the Ledger.

• Write supplier cheques / prepare telegraphic transfers as per authorized cheque requisitions,

• Issue signed cheques to suppliers,

• Maintain Cheques register and issue cheques to Suppliers.

• Keep all customer postdated cheques in the safe,

• Maintain a report for all postdated cheques and circulate to Credit Controller, Financial Accountant and Head of Finance every Monday morning,

• Bank the cheques promptly on the due date in liasion with the Credit Control Department.

• Monthly Reconciliation of Bank Statements to the Ledger Account,

• Daily follow up of all reconciling items to ensure they are updated either in Ledger or in bank statement,

• Carry out treasury requirements including banking, withdrawals and documents collection from the banks,

• Preparation of daily report on Bank balances and Payments and circulation to Management.

• Loading all electronic payments onto the banks, as well as daily download of statements

• To confirm funds receipts from customers into the banks, and advise the Credit Control accordingly

• Keep all unused cheques and LPOs and make proper account of them.

• Any other duties that may be assigned from time to time by management

Job Requirements

KNOWLEDGE

High level understanding of management, financial and business practices

High level of Information Technology and Computing

SKILLS

Honesty and discretion

Strong communication skills

Numerate and with strong financial analysis acumen

Willing to work according to the needs of the business

Self starter and proactive employee

QUALIFICATIONS

Holder of a University degree either in Business, Finance or Accounting from a reputable university

At least 2 years handling cash in a similar setup

Demonstrate proficiency in use of computer especially Micro soft office applications

How to Apply

Interested and qualified applicants may send their resume directly at hr@kerchansheequipment.com 

*Only shortlisted candidates will be contacted.